My Real Estate Blog

April 3rd, 2009 1:15 PM
Close in Arlington is still a desirable home base. Sellers---.Do NOT get too excited--- as the average Sold price rings in at $458K(breaking the $500K barrier---in a 'bad' way). Compared to last year this time, this represents a decrease of 10%. Like Alexandria City---it's community-by-community---where some areas are experiencing multiple offers on properties. Oh well. Homes are on the market an average of 90 days, and sellers are getting an average of only 93% of list price. About a 5 month supply of inventory. Sellers still need to have their homes priced for condition, be prepared to give concessions and be willing to negotiate if they want a quick sale. Buyers--in SOME neighborhoods, homes are receiving multiple bids, and prices are climbing.

Posted by Jim McCowan on April 3rd, 2009 1:15 PMPost a Comment (0)

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